#bitwisefilestolistnearetfonnysearca
Regulatory Milestone: Bitwise Clears $NYSE Arca Hurdle for Spot NEAR $ETFT.ETF
Bitwise Asset Management has taken a major step toward launching the first spot Near Protocol ETF, receiving listing approval from NYSE Arca under the ticker NRR. Following its S-1 submission and Form 8-A registration, the SEC declared the filing effective, paving the way for traditional market access to NEAR. Uniquely, the fund is structured around a 100% yield-staking model, allowing institutional holders to capture raw network staking rewards—minus a 33% staking expense fee—alongside spot price exposure. With a 0.75% sponsor fee and seed capital secured, the product marks a shift from simple asset tracking to yield-bearing layer-1 ETF products. Traders should note that while this regulatory milestone drove NEAR above $5.00 on surging futures open interest, actual market listing remains pending final $CERT.US
exchange operational green greenlights.
Regulatory Milestone: Bitwise Clears $NYSE Arca Hurdle for Spot NEAR $ETFT.ETF
Bitwise Asset Management has taken a major step toward launching the first spot Near Protocol ETF, receiving listing approval from NYSE Arca under the ticker NRR. Following its S-1 submission and Form 8-A registration, the SEC declared the filing effective, paving the way for traditional market access to NEAR. Uniquely, the fund is structured around a 100% yield-staking model, allowing institutional holders to capture raw network staking rewards—minus a 33% staking expense fee—alongside spot price exposure. With a 0.75% sponsor fee and seed capital secured, the product marks a shift from simple asset tracking to yield-bearing layer-1 ETF products. Traders should note that while this regulatory milestone drove NEAR above $5.00 on surging futures open interest, actual market listing remains pending final $CERT.US
exchange operational green greenlights.
